Massachusetts Financial Services Co. MA Has $4.23 Billion Stake in Visa Inc. (NYSE:V)

Massachusetts Financial Services Co. MA trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,393,574 shares of the credit-card processor's stock after selling 1,571,704 shares during the period. Visa comprises about 1.3% of Massachusetts Financial Services Co. MA's holdings, making the stock its 8th largest position. Massachusetts Financial Services Co. MA owned approximately 0.84% of Visa worth $4,232,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Integrated Investment Consultants LLC boosted its position in Visa by 14.7% in the third quarter. Integrated Investment Consultants LLC now owns 2,887 shares of the credit-card processor's stock worth $794,000 after purchasing an additional 371 shares during the last quarter. Tradewinds LLC. boosted its holdings in shares of Visa by 4.7% in the 3rd quarter. Tradewinds LLC. now owns 24,470 shares of the credit-card processor's stock worth $6,728,000 after buying an additional 1,096 shares during the last quarter. German American Bancorp Inc. boosted its holdings in shares of Visa by 2.1% in the 3rd quarter. German American Bancorp Inc. now owns 6,276 shares of the credit-card processor's stock worth $1,726,000 after buying an additional 130 shares during the last quarter. America First Investment Advisors LLC grew its position in Visa by 2.5% during the third quarter. America First Investment Advisors LLC now owns 75,255 shares of the credit-card processor's stock valued at $20,691,000 after buying an additional 1,831 shares during the period. Finally, Landscape Capital Management L.L.C. raised its position in Visa by 3.6% in the third quarter. Landscape Capital Management L.L.C. now owns 25,267 shares of the credit-card processor's stock worth $6,947,000 after acquiring an additional 888 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Visa stock opened at $307.39 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock's 50 day moving average is $288.57 and its 200 day moving average is $276.84. Visa Inc. has a twelve month low of $250.03 and a twelve month high of $312.44. The company has a market capitalization of $560.16 billion, a P/E ratio of 31.59, a PEG ratio of 2.09 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. On average, equities research analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa's dividend payout ratio is currently 24.25%.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Visa from $290.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Oppenheimer reiterated an "outperform" rating and set a $321.00 price target (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Compass Point began coverage on Visa in a research note on Wednesday, September 4th. They issued a "buy" rating and a $319.00 price objective on the stock. Finally, Piper Sandler increased their target price on shares of Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This represents a 94.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company's stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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